CTO2B, a Lithuanian startup offering a SaaS platform for automated DevOps on cloud infrastructure, today announced the close of a €1 million Pre-Seed funding round. Practica Capital led the funding with participation from FiRSTPICK and several business angels. By eliminating the need for specialised experts, CTO2B empowers businesses to focus on core development, optimise cloud costs, and ensure high availability and scalability. https://tech.eu/2024/04/17/lithuanian-startup-cto2b-secures-eur1m-for-automated-devops-platform/

Cozero, a German climate tech company specialising in carbon management software, announced it has closed a €6.5 million Series A funding round. This investment will fuel Cozero’s international expansion and further develop its Climate ERP platform, designed to integrate sustainability seamlessly with core business operations. Kvanted Ventures and EnBW New Ventures (ENV) led the funding round, with participation from NewAlpha Asset Management and a consortium of industry experts and advisors. These advisors hail from logistics, manufacturing, and SaaS sectors, including prominent figures like Henrik Larsen (former CPO, Maersk) and Gero Decker (Co-founder, Signavio). https://techfundingnews.com/cozero-raises-e6-5m-in-series-a-funding-to-advance-climate-erp-solutions/

Isospec Analytics has raised $1.9M to commercialize new technologies for molecular analysis that rapidly identify unknown molecules in minutes, helping pharmaceuticals, nutrition and agritech companies develop safer products and enabling researchers to discover new biomarkers. Isospec: Redefining Molecular Analysis for Breakthroughs in Biotech Founderful (formerly Wingman Ventures) leads Isospec’s $1.9M pre-seed round, joined by specialized investors Tiny.vc, another.vc, and Venture Kick. Isospec aims to redefine molecular analysis, unlocking new biological insights for diagnostics, therapeutics, and nutrition. https://hitconsultant.net/2024/04/17/isospec-analytics-secures-1-9m-to-transform-molecular-identification/

finmid – the financial infrastructure innovator helping B2B platforms offer their small & medium customers access to tailored financing support – has emerged from stealth to announce it has raised €35 million in early-stage equity funding from Blossom Capital, Earlybird VC, and N26- founder Max Tayenthal. The funding comes as finmid also announces it has partnered with Wolt, a leading European tech company known for its local commerce platform. https://financialit.net/news/fundraising-news/finmid-raises-eu35-million-and-partners-industry-leaders-bring-its-embedded

Prague-headquartered Apify, a web data extraction platform, has secured an investment of €2.8 million in funding. The investors contributing to this round include venture capital fund J&T Ventures, with participation from existing investor Reflex Capital. The funds will be primarily allocated to marketing, product development, and fostering the growth of the developer community. As part of the investment round, the startup also increased the ESOP pool for employee incentives to a share of about 15%. Apify’s web scraping platform allows companies to mine data from websites and extract data for AI. It can also automate a human’s web-based workflow manually in a web browser and then execute it at scale in the cloud. https://techfundingnews.com/prague-based-apify-snaps-e2-8m-for-ai-web-data-extraction-platform/

Fribourg, Switzerland-based Bcomp, a clean tech company, announced that it has secured CHF 36M (approximately €37M) in a Series C funding round. The round was led by EGS Beteiligungen AG (EGSB), with participation from new investors, including Verve Ventures, Zürcher Kantonalbank, and RKKVC. The Swiss company will use the funds to grow its production capacity and enter new markets in Asia and North America. The company’s bio-composite products have been recognised by Volvo and Polestar, with industrial-scale applications underway. https://siliconcanals.com/news/startups/swiss-bcomp-secures-37m/

Romanian startup Idea Morph, founded by Cătălina Bănuleasa (CEO) and Dragoș Niculescu (CTO), said it has so far attracted EUR 300,000 in investment to transform online brainstorming sessions, internally or with clients. The new tool’s initial development took six months, and the team is now working on expanding the functionalities with the new Morph AI. https://www.romania-insider.com/idea-morph-romanian-online-brainstorming-funds-2024